How Much Can Solar Save in Skokie?
Real numbers based on current ComEd rates and Illinois incentives.
$204
Current Bill/mo
$173
Est. Lease + Battery
6 yrs
Payback Period
$66,548
25-Year Savings
What You're Paying Now
Without solar, here's what ComEd electricity will cost you over time at 6% annual rate increases.
Monthly Bill
$204
Annual Cost
$2,448
25-Year Cost (No Solar)
$134,308
Your Solar Investment
10 kW System
$29,000
$14,612
After All IL Incentives
DG Rebate ($300/kW)-$3,000
Illinois Shines RECs (lump sum, ~18 mo)-$11,388
With vs Without Solar in Skokie
| Metric | Without Solar | With Solar |
|---|---|---|
| Monthly Cost | $204/mo | $176/mo (loan) |
| Monthly Cash Flow | -$0 (all to utility) | +$1/mo |
| 5-Year Cost | $13,219 | $10,560 |
| 25-Year Cost | $134,308 | $67,760 |
| Rate Control | None — utility sets rates | Fixed at $0.10/kWh (avg.) for 15 years |
| Home Value Impact | None | +$15,000–$25,000 (tax-exempt) |
Your Solar Savings Over Time
Estimated 25-Year Total Savings
$66,548
Without Solar
With Solar
Year 1Payback Year
$2,448
$2,438
Year 5
$13,800
$1,138
Year 10
$32,267
$14,729
Year 15
$56,980
$29,865
Year 20
$90,051
$47,224
Year 25
$134,308
$67,761
| Year | Without Solar | With Solar | Cumulative Savings |
|---|---|---|---|
| Year 1Payback | $2,448 | $2,438 | $10 |
| Year 2 | $5,043 | -$6,481 | $11,524 |
| Year 3 | $7,793 | -$3,979 | $11,772 |
| Year 4 | $10,709 | -$1,440 | $12,149 |
| Year 5 | $13,800 | $1,138 | $12,661 |
| Year 6 | $17,076 | $3,758 | $13,317 |
| Year 7 | $20,548 | $6,424 | $14,124 |
| Year 8 | $24,229 | $9,138 | $15,091 |
| Year 9 | $28,131 | $11,905 | $16,225 |
| Year 10 | $32,267 | $14,729 | $17,537 |
| Year 11 | $36,651 | $17,615 | $19,036 |
| Year 12 | $41,298 | $20,566 | $20,732 |
| Year 13 | $46,223 | $23,587 | $22,636 |
| Year 14 | $51,445 | $26,685 | $24,760 |
| Year 15 | $56,980 | $29,865 | $27,114 |
| Year 16 | $62,846 | $33,133 | $29,713 |
| Year 17 | $69,065 | $36,496 | $32,569 |
| Year 18 | $75,657 | $39,960 | $35,697 |
| Year 19 | $82,644 | $43,533 | $39,111 |
| Year 20 | $90,051 | $47,224 | $42,827 |
| Year 21 | $97,902 | $51,041 | $46,862 |
| Year 22 | $106,224 | $54,992 | $51,232 |
| Year 23 | $115,046 | $59,089 | $55,957 |
| Year 24 | $124,397 | $63,341 | $61,055 |
| Year 25 | $134,308 | $67,761 | $66,548 |
Start Saving in Skokie
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